Access to Americans’ Bulk Sensitive Personal Data and Government-Related Data by Countries of Concern
SIFMA provided comments to the U.S. Department of Justice, National Security Division on the proposed rulemaking concerning bulk data transfers…
The Asset Management Group (AMG) of SIFMA provides comments to the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on further definition of “swap dealer,” “security-based swap dealer,” “major swap participant,” “major-security-based swap participant” and “eligible contract participant” as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), File No. S7-39-10, RIN 3235-AK65. AMG believes that: (a) registered investment companies, ERISA and governmental benefit plans and foreign entities subject to comparable foreign regulation should not be regulated as MSPs; (b) the MSP designation should be made at the level where recourse and counterparty risk reside; (c) market participants with relatively small Swap positions should benefit from a safe harbor exclusion from the MSP test calculations and reduced frequency of required testing; (d) the quantitative tests for “substantial position” should be simplified, clarified and more closely aligned with their purposes; (e) a uniform definition of the phrase “hedging or mitigating commercial risk” should be adopted; and (f) the “hedging or mitigating commercial risk” and ERISA position exemptions should be extended to the test for “substantial counterparty exposure.”
AMG took the opportunity to provide the CFTC and the SEC with precomment letters on this topic on September 20, 2010 and November 24, 2010. In addition, the SIFMA AMG provides supplemental comments on July 8, 2011 on the issue.
SIFMA provided comments to the U.S. Department of Justice, National Security Division on the proposed rulemaking concerning bulk data transfers…
SIFMA, SIFMA AMG, the Investment Company Institute (ICI), Alternative Investment Management Association (AIMA), and the International Swaps and Derivatives Association…
SIFMA, SIFMA AMG, the Investment Company Institute (ICI), Alternative Investment Management Association (AIMA), and the International Swaps and Derivatives Association…
We use cookies to provide our site visitors a valuable experience as well as relevant content and services. Please carefully review our Privacy Policy and Terms of Use; by using this website, you agree to the information set forth therein.